On June 17, MiningLamp Technology-W (02718.HK) fell 5.55% in regular trading, trading at HKD 217.2 per share, with turnover of approximately HKD 14.86 million.

On the news front, the company faces its first major post-IPO lock-up expiry on July 31, involving approximately 124 million shares. Prior to this unlock, only 5.95 million shares were in free float, representing just 4.09% of total share capital. After the expiry, the circulating share count will surge approximately 22-fold, creating substantial potential selling pressure. Research indicates that theoretically tradeable A-class shares will jump from roughly 5% to around 90% of total equity.

Although the stock had previously rallied over 35% in five trading days on edge-side AI concept momentum, the combination of imminent lock-up pressure and short-term profit-taking has driven the stock back down. The company listed in November at HKD 141 per share and hit a 52-week high of HKD 357 before retreating sharply amid these overhang concerns.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)